A key news item: @Raylslabs may require KYC. Below is the technical documentation.
Rayls Ecosystem Overview
Rayls' mission is to build an environment where DeFi users, developers, and regulators can coexist and thrive.
For DeFi Users and Developers: Most users will use the Rayls public chain. It operates like other Ethereum Layer 2 networks, with the only difference being that all accounts will require KYC verification. Developers can deploy and use decentralized applications, create and transfer tokens, establish cross-chain bridges, and more.
For Institutional Users: Most institutions will start with private networks, but they can also choose to use a public chain. For institutional users, the Rayls public chain offers a higher level of security and compliance compared to other public chains due to mandatory KYC verification.
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